P.M. market numbers: January 8, 2009

By Staff | January 8, 2010 | Last updated on January 8, 2010
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market registered a solid advance Friday despite employment reports for December from Canada and particularly the United States that widely missed expectations.

The S&P/TSX composite index moved up 66.32 points to 11,953.83. The main index ran up 1.76% this week with investors satisfied that the general trend shows economic conditions are improving. They’re also hopeful that the weak data means the U.S. Federal Reserve will be in no rush to raise interest rates.

New York markets also had a muted reaction to the U.S. Labour Department report showing that the American economy lost another 85,000 jobs last month. Economists had expected a flat showing, or perhaps a slight job loss of around 1,000. A sharp drop in the labour force, a sign more of the jobless are giving up on their search for work, kept the U.S. unemployment rate unchanged at 10%.

Revisions to the previous two months’ data showed the U.S. economy actually generated 4,000 jobs in November, the first gain in nearly two years.

The Canadian dollar ticked 0.38 of a cent higher to 97 cents US as Statistics Canada reported that the Canadian economy shed 2,600 jobs in December, well below economists’ expectations that 20,000 jobs would be created.

Economists pointed out that December’s performance followed a huge gain of 79,000 jobs in November.

Still, BMO Capital Markets deputy chief economist Doug Porter says the jobs report shows that “the economic recovery will be uneven, with overall growth likely to pale compared with past recoveries.”

The TSX energy sector was ahead 0.37% as the February crude contract on the New York Mercantile Exchange gained nine cents to US$82.75 a barrel.

The TSX gold sector was ahead one per cent as the February bullion contract on the Nymex climbed $5.20 to US$1,138.90 an ounce.

The Dow Jones industrials gained 11.33 points to 10,618.19 for a gain of 1.8 per cent this week.

The Nasdaq composite index was ahead 17.12 points to 2,317.17 while the S&P index rose 3.29 points to 1,144.98.

(The Canadian Press)

North American markets Back to Top
Close Change YTD
Dow Jones 10,618.19 +11.33 or +0.11% +1.82%
S&P 500 1,144.98 +3.29 or +0.29% +2.68%
NASDAQ 2,317.17 +17.12 or +0.74% +2.12%
TSX Composite 11,953.83 -66.32 or -0.56% +1.77%

International markets Back to Top
Close Change YTD
Nikkei 10,798.32 +116.66 or +1.09% +2.39%
Hang Seng 22,296.75 +27.30 or +0.12% +1.94%
SENSEX 17,540.29 -75.43 or -0.43% +0.43%
FTSE 100 5,526.72 -3.32 or -0.06% +2.10%
CAC 40 4,024.80 +7.13 or +0.18% +2.25%
DAX 6,019.36 -14.97 or -0.25% +1.05%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 101.29 100.98 3.59
Cdn. 30-year bond 114.57 113.90 4.11
U.S. 10-year bond 96.30 96.31 3.83
U.S. 30-year bond 94.53 94.97 4.72

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9700 0.9662
US $ 1.0309 1.0350

Euro Spot Rate Today Previous
Canadian $ 0.6728 0.6720
Euro 1.4863 1.4824

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $1,121.75 $1,126.75

Oil Open Change
WTI Crude Future (US) $82.91 +$0.25 or +0.30


Advisor.ca staff


The staff of Advisor.ca have been covering news for financial advisors since 1998.